FastMarkets

PRICING NOTICE: Fastmarkets starts publication of weekly Pakistan shredded steel scrap index

Fastmarkets today, Friday November 6, launches its weekly Steel scrap shredded, index, import, cfr Port Qasim, Pakistan.

BANGLADESH STEEL SCRAP: Higher freight jacks up price but demand still poor

Prices for steel scrap into Bangladesh continued to move up during the week to Thursday November 5 amid supply-side tightness and high freight costs, sources told Fastmarkets.

FOCUS: China’s new steel scrap standards 'will pave way for imports'

Market participants in China are increasingly confident that Chinese authorities will revive steel scrap imports into the country in 2021 following the release of new domestic scrap classification standards.

STEEL SCRAP WRAP: Global markets remain firm on solid booking activity

Global steel scrap prices have risen or remained firm over the week to Friday October 30, following a strong purchasing trend across all markets.

VIETNAM STEEL SCRAP: Demand for US scrap continues amid high Japanese offers

Vietnamese buyers continued to source American scrap due to its narrow spread over Japanese materials in the week to Friday October 30, although many market participants have been increasingly tight-lipped...

SSS 2020: Steel industry must do more to innovate, Tata Steel says

The steel industry must innovate further and look to other sectors for solutions, Tata Steel chief executive TV Narendran said during Fastmarkets’ Steel Success Strategies 2020 virtual conference on Wednesday...

SSS 2020: India steel growth rate to continue rise but 2030 output forecast unlikely - Tata Steel

India will miss its forecast steel targets in 2030, but the sector should continue to grow on increased government spending, Tata Steel chief executive T.V.

TAIWAN STEEL SCRAP: Buyers fail to keep prices stable after increases in Turkey

Import scrap buyers in Taiwan failed to keep prices stable in the week to Friday October 23 after the bellwether market in Turkey reported price increases, sources said.

Asia scrap prices inflated by higher freight rates, container shortage

Higher freight rates for steel scrap routes in both bulk carriers and containers have jacked up prices for the secondary raw material across Asia, market sources have told Fastmarkets.

RESEARCH: Supply boost threatens iron ore price spike

The latest forecasts from Fastmarkets’ team of analysts are ready to view.